Global Renal Denervation (RDN) Devices Market is Expected to Reach USD 1.9
Billion by 2021: Transparency Market Research
PR Newswire
ALBANY, New York, February 5, 2013
ALBANY, New York, February 5, 2013 /PRNewswire/ --
According to a new market report published by Transparency Market Research (
http://www.transparencymarketresearch.com ) " Renal Denervation Devices
(Symplicity, EnligHTN, OneShot, V2, Paradise, TIVUS, Bullfrog, Surround Sound,
Micro-Infusion, Ultrasound and Radiofrequency) Market - Global Industry
Analysis, Size, Share, Growth, and Forecast, 2012 - 2021 ," the RDN
devices market was USD 88.5 million in 2012 globally and is expected to grow
to USD 1.9 billion by 2021, at a CAGR of 41.2% from 2012 to 2021. In 2012,
Medtronic's Symplicity held the largest share in the global RDN devices
accounting for 85.5% of the global RDN devices market. Medtronic's Symplicity
is expected to face tough competition from emerging products such as Boston
Scientific's (Vessix's Vascular) V2, St. Jude Medical's EnligHTN, Covidien's
OneShot and ReCor Medical's Paradise.
Browse the full report at
http://www.transparencymarketresearch.com/renal-denervation-devices-market.html
The global market for RDN devices is expected to grow with increasing
incidences of hypertension and aging population. Due to high level of safety
and reduced treatment time, RDN procedure is expected to dominate over the
drug treatment method for uncontrolled hypertension. Increasing market
collaboration among the industry players to introduce better technology will
help gain a competitive advantage in this booming market.
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Radiofrequency RDN (RF-RDN) devices segment represented the largest segment by
technology in 2012 and is expected to continue this trend till 2021. Owing to
safety, time efficiency and reproducibility, RF-RDN devices have gained
popularity in the global market. Despite having several benefits,
manufacturers are struggling to get marketing approval for their devices.
Radiofrequency RDN devices segment will face strong competition from emerging
technologies such as ultrasound, cryoablation, microfusion, radiation and
nano-particles.
The global renal denervation market is currently dominated by Europe due to
large number of device approvals and R&D activities conducted by industry
players. Europe accounts for more than 80% of the market share and is
estimated to maintain its dominating position through 2021. The major market
for RDN devices are Germany, France, UK and Italy. Asia-Pacific is the second
largest and fastest regional market for RDN devices. The RDN devices market in
North America is expected to gain rapid pace from 2015 as many devices are in
the pipeline to receive FDA approvals.
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The report estimates the renal denervation market by product of each major
company. It also gives a detailed analysis over a period of nine years with
updates and expected outcomes in the coming years. The research report is
specially designed to analyze the demand and performance of RDN devices in the
global market, providing in-depth analysis of the trends, on-going
developments, factors driving the demand of RDN devices, and the restraints
for the RDN devices market. The market is estimated and analyzed by segmenting
it into technology, products (by manufacturers), and geography. The
sub-segments included under each of these groups are as follows:
*By technology
*Radiofrequency-based RDN system
*Ultrasound-based RDN System
*Micro-infusion RDN system
*By products
*Medtronic's Symplicity
*St. Jude's EnlighHTN
*Boston Scientific's (Vessix Vascular) V2
*Covidien's OneShot
*ReCor Medical's Paradise
*By geography
*North America
*Europe
*Asia-Pacific
*Rest of the World (RoW)
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About Us
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